Portugal by the central bank, Espirito Santo Bank of 4.9 billion euros scale (BES) relief,
impose losses on subordinated debt holders. The scale of the loss, estimated it is difficult at the moment, subordinated debt prices have put a record low one o'clock. It took over the business and accept deposits most of the assets of BES, Portugal's central bank, transferred to Novo Banco of the new company. Bank insolvency fund of the central bank, to inject funds into Novo Banco. Relief funds, borrowing from the Treasury, to repay by Novo Banco sale in the future plans.
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